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PZ - Revised Site Plan and Narrative 8-7 1 THE CJUB GROUP J-U-B COMPANIES LAN c�rew,w i�� N INAAAfNO - �`�: GROUP INC. J-U-B ENGINEERS,INC. August 3, 2020 City of Meridian Planning and Zoning 33 E. Broadway Avenue, Suite 102 Meridian, Idaho 83642 RE: VICTORY/ MERIDIAN ROAD PROPERTY - ANNEXATION AND ZONING AND COMPREHENSIVE PLAN MAP AMMENDMENT APPLICATIONS To Whom It May Concern: On behalf of our client, Elk Ventures LLC, please accept this request for Annexation, Zoning, and a Comprehensive Plan Map Amendment for an 18.45 acre property located at the southwest corner of Victory Road and Meridian Road. A Comprehensive Plan designation of MHDR and R-15 zoning is being requested; the property is currently located in Ada County and zoned RUT. Property Location and Surrounding Commercial and Multi-family Land Uses The subject property is located on a Principal Arterial Road and bordered to the north and east by commercial and multi-family properties. The subject property is located immediately to the west of Meridian Road; Meridian Road is designated by ACHD as a Principal Arterial. A commercial /office property is located directly to the north of the subject property at the northwest corner of Victory Road and Meridian Road; this property has LO zoning. A second commercial property is located at the northeast corner of Victory Road and Meridian Road; this property is zoned CG. The Red Tail Apartments, a large, upscale multi-family development, is located directly to the east of the subject property; this property has R-15 zoning. The Ridenbaugh Canal and Victory Road border the subject property to the north; residential subdivisions with R8 zoning are located to the north and south of the subject property. Proposed Land Uses If approved for annexation and R-15 zoning, our client will be submitting Conditional Use and a Preliminary Plat applications for a multi-family residential development. Our client, Elk Ventures LLC, recently completed "The Enclave" a high-end four-plex project located in Meridian on Locust Grove Road. It should be noted that the developer of"The Enclave" a 250 S.Beechwood Avenue,Suite 201,Boise,ID 83709-0944 p 208-376-7330 f 208-323-9336 tiv www.jub.com completely leased the units of"The Enclave" within 90 days of obtaining Certificates of Occupancy for the development. The developer undertook extensive review of absorption rates for multi-family housing in the Meridian area prior to starting construction of "The Enclave" and during due diligence for the Victory property; the demand for multi-family housing in Meridian is high. Several recent market studies are attached with this application. A proposed site plan and elevations for the potential multi-family development at Victory and Meridian Roads are attached as a part of this application; the proposed site plan and elevations will be included in the Development Agreement for the Annexation and Zoning of the subject property. Compatibility of Proposed Zoning and Comprehensive Plan Designation The subject property is located on a Principal Arterial roadway within walking distance of commercial land uses on Meridian Road; the location is ideally suited to multi-family development. Given the unusual configuration of the subject property and the location of the Ridenbaugh Canal bordering the subject property, it would not be financially feasible to construct the infrastructure for a single-family residential development on the Victory/Meridian Road property. The proposed MHDR Comprehensive Plan designation is supported by Meridian Comprehensive Plan policies that encourage the development of dense housing along major transportation corridors and policies that support a diversity of housing types within the City of Meridian. The proposed development meets these Comprehensive Plan policies encouraging a diversity of housing types and density along transportation corridors while also being compatible with the surrounding commercial and multi-family land uses. The proposed R-15 zoning and Comprehensive Plan designation of MHDR is compatible with the neighboring Red Tail apartments, adjacent commercial land uses, and neighboring residential subdivisions with R-8 zoning. The current Comprehensive Plan designation of MDR does not account for the changes in development patterns in South Meridian that have occurred since the area was originally designated for single-family development and the current MDR designation is not compatible with the site constraints of the subject property. The proposed Comprehensive Plan Map Amendment request for an MHDR Comprehensive Plan designation for the subject property is supported by the following Meridian Comprehensive Plan policies: Housing Goals, Objectives and Action Items 2.01.00 Support a balance and integration of diverse housing and neighborhood types. The proposed MHDR designation will help to support a balance of diverse housing and neighborhood types in south Meridian. 2.01.01 Encourage diverse housing options suitable for various income levels, household sizes, and lifestyle preferences. 2.01.01G Avoid the concentration of any one housing type or lot size in any geographical area; provide for diversity of housing types. www.jub.com J-U-B ENGINEERS,Inc. The proposed MHDR designation will help to increase the diversity of housing types available in 2.01.01C Maintain a range of residential land use designations that allow diverse lot sizes, housing types, and densities The proposed MHDR designation will help to encourage diverse housing options by providing additional multi-family housing in south meridian,an area that has historically been dominated by single-family housing. 2.02.01E Encourage the development of high quality, dense residential and mixed use areas near in and around downtown, near shopping centers, public open spaces and parks, and along major transportation corridors as shown on the Future Land Use Map. The proposed MHDR designation will allow for the development of a high quality,dense residential use along a major transportation corridor. Economic Goals, Objectives and Action Items 2.06.02C Coordinate with public, private, and non-profit sectors on possibilities for creating/ sustaining workforce housing 2.06.02D Work to encourage a diversity of housing, recreation, and mobility options to attract and sustain the workforce. The proposed MHDR designation will allow for the development of diverse housing types for Meridian's workforce. We are asking for your consideration of our request for Annexation, R-15 zoning and for a Comprehensive Plan designation of MHDR; as our proposed submittal package demonstrates, our client intends to develop a first-class residential development that will be an asset to the City of Meridian and its residents. Neighborhood Meeting and Pre-Application Meeting A Neighborhood Meeting was held on April 16, 2020 in accordance with City of Meridian standards. A Pre-application meting was held with City of Meridian staff on March 30, 2020. Please contact me at 376-7330 if you have any questions regarding this application. Sincerely, J-U-B ENGINEERS, Inc. V o Wendy Shrief, AICP www.jub.com 1-U-B ENGINEERS,Inc. VOLUME 38 S/ P/ R ISSUE 12 STATE POLICY REPORTS DUNE 2020 IN THIS ISSUE Index of State Economic Momentum The Index of State Economic Momentum ranks states based on their most recent performance on three key measures of economic vitality: personal income growth, employment growth, and population growth. Reports updates the index each quarter. In the second quarter of 2020, Idaho moved into in the top spot, while Minnesota most closely approximated the national average economic performance. TABLE OF CONTENTS Index of State Economic Momentum 2 Technical Notes 8 Please do not make unauthorized copies of State Policy Reports.Your subscription permits you to print your PDF version one time and route it or route your hard copy. Forwarding or photocopying for other users is not permitted unless you have made prior arrangements with FFIS. FFIS offers volume discounts for organizations that wish to purchase multiple copies of State Policy Reports for their employees. Please call 202-624-5849 for information. Copyright: Federal Funds Information for States. Reproduction without permission of the publisher is prohibited. INDEX OF STATE ECONOMIC MOMENTUM The Index of State Economic Momentum, Index of State Economic developed by Reports founding editor Hal Hovey, Momentum, June 2020 ranks states based on their most recent Idaho 3.23 performance on three key measures of economic Utah 3.07 vitality: personal income growth, employment Arizona 2.96 � growth, and population growth. Reports updates Nebraska 2.01 Texas 2.0 the index each quarter. Measures of the three South Dakota 1.87 components are averaged, and the national Arkansas 1.52Montana 1.48 average is set at zero. Each state's score is then South Carolina 1.43 expressed as a percentage above or below the Colorado 1.38 Kansas 1.37 national average. Georgia M 1.30 The chart on the right shows the results based Alabama M 1.27 Mississippi 1.13 on the most recent data. In this update, Minnesota District of Columbia = 1.12 was closest to the national average economic Florida = 1.07 � performance, lagging it by 0.1%. Idaho moved into Virginia 1.05New Mexico 1.03 the #1 spot (replacing Utah) and Hawaii fell to#51 Tennessee 0.99 (replacing West Virginia). North Dakota 0.96 Oklahoma 0.95 There are two notable features of this update: Washington ■ 0.63 1. It highlights the states that were affected Wyoming ■ 0.60 North Carolina ■ 0.58 early in the COVID-19 pandemic. Missouri ■ 0.57 2. It deviates from the typical pattern of states Oregon ■ 0.51 clustered around the national average. Indiana 1 0.31 Iowa 1 0.28 Whereas most states are usually within 1% Minnesota -0.10 1 of the average, in this update that is true for Maryland -0.22 1 California -0.28 1 only 19 states. Wisconsin -0.44 ■ As shown on the chart, 27 states plus the Maine -0.51 ■ Illinois -0.68 ■ District of Columbia exceeded the national average Louisiana -0.70 E economic performance and 23 states lagged it. In Alaska -0.73 M Ohio -0.89 the last update, only 17 states beat the average. Pennsylvania -1.10 This shift is largely explained by some large state Kentucky -1.19 economies recording very weak results, including Delaware -1.25 M Nevada -1.30 New York, Michigan, New Jersey, and West Virginia -1.45 Massachusetts. New Hampshire -1.63 Connecticut -1.79 Moreover, as mentioned above, states that Rhode Island -1.83 lagged the average lagged it by more than usual. Massachusetts -2.05 New Jersey -2.09 For example, in the last update only three states Vermont -2.41 lagged the average by 1% or more. In this update, Michigan -2.80 New York -2.89 Hawaii-3.45 � -4.0 -2.0 0.0 2.0 4.0 2 STATE POLICY REPORTS VOL.38 ISSUE 12 14 states lagged it by 1% or more, with six of those lagging it by 2% or more, of which one lagged by Change in Personal Income, 2019.1 to 2020.1 more than 3%. The Northeast-hit early and hard by COVID- Idaho 5.5% 19-is well-represented among states lagging the Arizona 4.9% New Mexico 4.8% national average economic performance. States Nebraska 4.7% performing relatively well conform to recent Washington 4.5% patterns, with western and southern states South Dakota 4.4% Utah 4.3% dominant. Among the 10 states with the strongest Oregon 4.3% performance, only Texas ranks among the top 10 Montana 4.2% states in population. California 4.1% Texas 3.9% Minnesota 3.9% PERSONAL INCOME South Carolina 3.8% The chart on the right shows the state detail on the Maine 3.8% Virginia 3.8% first component of the Index of State Economic North Dakota 3.8% Momentum. State personal income is the income North Carolina 3.7% received by all persons in a state from all sources, Kansas 3.7% Georgia 3.6% including net earnings, rental income, dividends, Nevada 3.6% interest, and transfer payments. Between the first Iowa 3.6% quarters of 2019 and 2020, personal income across Florida 3.6% Colorado 3.4% the nation grew 3.3%, down from 4.1% in the last Wisconsin 3.4% update and 4.5% in the update before that. The Arkansas 3.4% decline in growth rates reflects the early impacts of United States 3.3% Alabama 3.2% COVID-19, which emerged as a problem in China Missouri 3.2% late in 2019 and affected trade and supply chains in District of Columbia 3.1% some industries early in 2020. Indiana 3.1% Kentucky 3.1% Idaho had the strongest annual growth and was Maryland 3.1% the only state with growth of 5% or more. Eight Mississippi 3.0% western and two midwestern states are among the Delaware 3.0% Pennsylvania 2.9% 10 states with the strongest growth, continuing a Wyoming 2.8% long-standing pattern of western strength. Texas Michigan 2.7% % had the strongest growth among southern states Ohio 2.7 Alaska 2.7 (3.9%) and Maine among northeastern states Tennessee 2.6% (3.8%). No state posted negative growth. Illinois 1 2.4% Five of the 10 most populous states had income Rhode Island 2.3% New Jersey 2.2% growth that exceeded the national average: Massachusetts 2.1% California (4.1%), Texas (3.9%), North Carolina Hawaii 2.1% (3.7%), Georgia (3.6%), and Florida (3.6%). New York 2.0%Louisiana 2.0% Among this group of 10, only New York (2.0%) Vermont 1.9% ranked among the 10 states with the weakest Connecticut 1.7% income growth. Its result is unsurprising given the Oklahoma 1.7% New Hampshire 1.2% West Virginia 0.9% 3 STATE POLICY REPORTS VOL.38 ISSUE 12 early, sudden, and severe impact of COVID-19 on Employment Change, the state. May 2019 to May 2020 Describing quarter-over-quarter income changes (rather than the annual changes reported Utah -4.8% � on the chart), the Bureau of Economic Analysis Arizona -5.7%Idaho -5.9% (BEA), which publishes the personal income data, Nebraska -7.1% Observed: Arkansas -7.1% � ✓ Earnings increased at the slowest pace Texas -7.2%Oklahoma -7.3% since the first quarter of 2013. Earnings Mississippi -7.5% increased in 15 of the 24 industries BEA South Dakota -7.5% Kansas -7.7% tracks. Alabama -7.8% ✓ Finance and insurance, state and local District of Columbia -8.4% government, and construction were the Colorado -8.5% � leading contributors to the increase in Tennessee -8.5%Montana -8.6% earnings. Accommodations and food Georgia -8.8% services, arts, entertainment and recreation, South Carolina -8.8% � and healthcare and social assistance Virginia -9.1%Wyoming -9.3% experienced declines. North Dakota -9.5% ✓ Transfer receipts increased 10.1% in the Florida -9.5% % � quarter. The increase reflected a 1.6% cost Missouri -9.8 New Mexico -9. % of living adjustment for social security Indiana -10.7% recipients, an increase in state Iowa -11.0% - unemployment insurance compensation, North CarolinaOregon -11.7% and an increase in refundable tax credits. United States -11.8% Transfer receipts increased in every state. Washington -11.8% ✓ - Property income increased 2.3% in the first Louisiana -11.9%Maryland -11.9% quarter and increased in every state. Illinois -12.1% - Alaska -12.4% - EMPLOYMENT West Virginia -12.7% Minnesota -12.8% The chart on the right lists state employment Wisconsin -13.0% growth rates between May 2019 and May 2020. California -13.0% Nationally, annual employment changed -11.8% in Ohio -13.6%Maine -13.8% May, compared to modest but positive growth of Pennsylvania -14.3% 1.2% in the last update. Twenty-six states plus the New Hampshire -14.6% District of Columbia shed jobs at a slower rate than Kentucky -14.8% Connecticut -14.9% the nation as a whole, with Utah reporting the least Delaware -15.6% bad result, -4.8%. Rhode Island -15.9% Massachusetts -16.4% The states with the fewest job losses represent New Jersey -16.5% every region but the Northeast. Except for Texas Vermont -17.1% and Arizona, the states with fewer job losses rank Nevada -17.3% in the bottom half of states for population. At the New York -18.3% Michigan -19.2% other extreme, the states with the largest job losses Hawaii -20.1% 4 STATE POLICY REPORTS VOL.38 ISSUE 12 are either northeastern-reflecting the locations of Change in State Population, the first large outbreaks of COVI D-1 9-and/or July 1, 2018 to July 1, 2019 reliant on industries that took an early hit from the Idaho 2.1% virus: tourism (Hawaii, Nevada, Vermont, and Nevada 1.7% Delaware) and manufacturing (Michigan). Arizona 1.7% Four of the 10 most populous states fared Utah 1.7% Texas 1.3% better than the nation (North Carolina, Florida, South Carolina 1.3% Georgia, and Texas), while two from this group Washington 1.2% ranked among the 10 states with the largest job Colorado 1.2% losses (Michigan and New York). Florida 1 1% North Carolina 1.0% Since the employment data are more current Georgia 1.0% than the personal income data, these results may Delaware 0.9% � be a harbinger of what is to come in future personal Oregon 0.9% Tennessee 0.9% income estimates. Montana 0.8% South Dakota 0.7% POPULATION District of Columbia 0.6% Minnesota 0.6% The final component of the Index of State Indiana 0.5% Economic Momentum is the change in state North Dakota 0.5% population. Population estimates for July 1, 2019, United States 0.5% New Hampshire 0.5% were released in December 2019. The chart on the Nebraska 0.5% right displays the annual percent change in Oklahoma 0.4% population by state. The 2019 estimates continued Virginia 0.4% Maine 0.4% a string of weak population growth rates, as shown Alabama 0.3% in the chart below. Arkansas 0.3% Wisconsin 0.3% Annual Percent Change in U.S. Missouri 0.3% Population as of July 1 Iowa 0 0.2% Wyoming M 0.2% 2011 New Mexico M 0.2% Maryland ■ 0.2% 2012 Kentucky ■ 0.1% Massachusetts ■ 0.1% 2013 .•', California ■ 0.1% Ohio ■ 0.1% 2014 Rhode Island 1 0.1% Kansas 1 0.1% 2015 Michigan 1 0.0% Pennsylvania 0.0% 2016 New Jersey 0.0% 1 Vermont -0.1% 1 2017 Mississippi -0.2% ■ Connecticut -0.2% ■ 2018 Louisiana -0.2% M Hawaii -0.3% 2019 New York -0.4% � -•�. Illinois -0.4% 0.0% 0.8% Alaska -0.5% West Virginia -0.7% Source:U.S. Census Bureau 5 STATE POLICY REPORTS VOL.38 ISSUE 12 State Population, Share of National Population, and Cumulative Population, 2019 Rank State Population Share Cumulative Total 1 California 39,512,223 12.0% 2 Texas 28,995,881 8.8% 20.9% 3 Florida 21,477,737 6.5% 27.4% 4 New York 19,453,561 5.9% 33.3% 5 Pennsylvania 12,801,989 3.9% 37.2% 6 Illinois 12,671,821 3.9% 41.1% 7 Ohio 11,689,100 3.6% 44.7% 8 Georgia 10,617,423 3.2% 47.9% 9 North Carolina 10,488,084 3.2% 51.1% 10 Michigan 9,986,857 3.0% 54.1% 11 New Jersey 8,882,190 2.7% 56.8% 12 Virginia 8,535,519 2.6% 59.4% 13 Washington 7,614,893 2.3% 61.8% 14 Arizona 7,278,717 2.2% 64.0% 15 Massachusetts 6,892,503 2.1% 66.1% 16 Tennessee 6,829,174 2.1% 68.2% 17 Indiana 6,732,219 2.1% 70.2% 18 Missouri 6,137,428 1.9% 72.1% 19 Maryland 6,045,680 1.8% 73.9% 20 Wisconsin 5,822,434 1.8% 75.7% 21 Colorado 5,758,736 1.8% 77.5% 22 Minnesota 5,639,632 1.7% 79.2% 23 South Carolina 5,148,714 1.6% 80.7% 24 Alabama 4,903,185 1.5% 82.2% 25 Louisiana 4,648,794 1.4% 83.6% 26 Kentucky 4,467,673 1.4% 85.0% 27 Oregon 4,217,737 1.3% 86.3% 28 Oklahoma 3,956,971 1.2% 87.5% 29 Connecticut 3,565,287 1.1% 88.6% 30 Utah 3,205,958 1.0% 89.6% 31 Iowa 3,155,070 1.0% 90.5% 32 Nevada 3,080,156 0.9% 91.5% 33 Arkansas 3,017,804 0.9% 92.4% 34 Mississippi 2,976,149 0.9% 93.3% 35 Kansas 2,913,314 0.9% 94.2% 36 New Mexico 2,096,829 0.6% 94.8% 37 Nebraska 1,934,408 0.6% 95.4% 38 West Virginia 1,792,147 0.5% 95.9% 39 Idaho 1,787,065 0.5% 96.5% 40 Hawaii 1,415,872 0.4% 96.9% 41 New Hampshire 1,359,711 0.4% 97.3% 42 Maine 1,344,212 0.4% 97.7% 43 Montana 1,068,778 0.3% 98.1% 44 Rhode Island 1,059,361 0.3% 98.4% 45 Delaware 973,764 0.3% 98.7% 46 South Dakota 884,659 0.3% 99.0% 47 North Dakota 762,062 0.2% 99.2% 48 Alaska 731,545 0.2% 99.4% 49 District of Columbia 705,749 0.2% 99.6% 50 Vermont 623,989 0.2% 99.8% 51 Wyoming 578,759 0.2% 100.0% United States 328,239,523 100.0% 6 STATE POLICY REPORTS VOL.38 ISSUE 12 Not only was 2019's growth rate of 0.48% the State Unemployment Rates, lowest in recent years, but the 2018 estimate was May 2020 revised downward from 0.62%. Prior to the Great Recession, population growth rates were typically Nebraska 5.2% Utah 8.5% close to 1% per year. Wyoming 8.8% Idaho reclaimed the #1 position from Nevada Idaho 8.9% on the strength of 2.1% annual growth, the only District of Columbia 8.9% .9%� state to exceed 2%. There are no surprises among Arizona 8 Montana 8.9% the states with the strongest population growth; the North Dakota 9.1% same states have dominated the top ranks on the New Mexico 9.2% Maine 9.3% table for some time. Virginia 9.4% The same is largely true for the 10 states South Dakota 9.4% estimated to have lost population in 2019: West Connecticut 9.4% � Virginia, Alaska, Illinois, New York, Hawaii, Arkansas 9.5%Georgia 9.7% Louisiana, Connecticut, Mississippi, Vermont, Minnesota 9.9% and New Jersey. All but Vermont and New Jersey Maryland 9.9% � also lost population in 2018. Alabama 9.9%Kansas 10.0% Every region is represented by the states losing Iowa 10.0% population, but the prevailing trend is a shift from Missouri 10.1% � the North and East to the South and West. The 15 Colorado 10.2%Mississippi 10.6% states with the strongest population growth are in Kentucky 11.0% one of these two regions, while the top-ranking Tennessee 11.3% state outside the Census Bureau-defined West or Wisconsin 12.0% Indiana 12.3% South is #16 South Dakota, for the second year in South Carolina 12.5% a row. Slow population growth-including a few Oklahoma 12.6% declines-in five of the 10 most populous states Alaska 12.6% Vermont 12.7% outside the West and South underscores the trend. West Virginia 12.9% North Carolina 1 12.9% State Shares and Ranks. The table on page 6 lists Texas 13.0% Pennsylvania 13.1% the July 2019 state population estimates and United States 13.3% rankings. It also lists each state's share of the Louisiana 13.3% national population and the cumulative total Ohio 13.7% Oregon 14.2% population. As in previous years, the nine most New York 14.5% populated states accounted for more than half the New Hampshire 14.5% nation's total population. Less than 10% of the Florida 14.5% Washington 15.1% population resides in the 21 least populous New Jersey 15.2% (including the District of Columbia). Illinois 15.2% Delaware 15.8% Rhode Island 16.3% UNEMPLOYMENT RATES Massachusetts 16.3% State unemployment rates for May 2020 are shown California 16.3% 2% on the right. Unemployment rates are not a Michigan 21. Hawaii 22.6% component of the Index of State Economic Nevada 25.3% 7 STATE POLICY REPORTS VOL.38 ISSUE 12 Momentum, but they are an important indicator of a shutdown, while the employment data capture the state's economic condition. Nebraska had the steep job losses that came about quickly. Going lowest unemployment rate (5.2%) by a wide forward, the employment data likely will improve margin, while Nevada was the only state with a rate from the May numbers as some employees get exceeding 25%. called back to work and the income data will Nationally, the unemployment rate jumped deteriorate because of the data lag. The impact of since the last update (which reported February additional federal unemployment and other 2020 numbers)from 3.5% to 13.3%. Thirty-four assistance—and its expiration—will also affect states and the District of Columbia had rates lower results for both income and employment. than the national rate and 16 had equal or higher The big unknown for states as they plot their rates. way forward is forecasting how long and steep the Among the 10 most populous states, Georgia recovery will be. Will it be a "V-shaped" recovery, was the only state with an unemployment rate less with rapid improvement over a short period? Or a than 10%. Three more from this group of 10 came "U-shaped" recovery, with more time spent in an in just below the national rate: Pennsylvania, economic slump? Or something else? Texas, and North Carolina. Michigan, California, Recently, some analysts have suggested a and Illinois had unemployment rates among the 10 quick partial recoupment of economic activity and highest in the nation, all exceeding 15%. employment, with a long, slow slog back to some semblance of normal. A recent resurgence in THE NEXT UPDATE: WHAT TO EXPECT COVID-19 cases among several states may This update reflects the early months of the complicate analysts' calculus as they assess the COVID-19 recession. The personal income data likelihood of the various scenarios. have yet to capture the full effects of the economic TECHNICAL NOTES State Economic Momentum. The Bureau of Statistics (BLS) (www.bls.gov), as are state Economic Analysis (www.bea.gov) publishes unemployment rates. Population counts and quarterly state personal income data. Employment estimates are available at www.census.gov. levels are published by the Bureau of Labor State Policy Reports(ISSN#8750-6637)is published by Federal Funds Information for States (FFIS,website: www.ffis.org)at an annual subscription rate of$420. Editor: Marcia Howard,444 N. Capitol Street, NW, Suite 642,Washington, DC 20001 (202-624-5848; mhoward(a)ffis.org,). For ordering and subscription services,contact Ethan Ableman at FFIS (202-624-5849; eableman(a�ffis.org). 8 STATE POLICY REPORTS VOL.38 ISSUE 12 S/ P/ R STATE POLICY REPORTS c/o Federal Funds Information for States 444 N. Capitol St., Suite 642 Washington, DC 20001 9 STATE POLICY REPORTS VOL.38 ISSUE 12 8/6/2020 Data:New data shows Boise area 8th fastest-growing in the US US Census county map of Idaho Data: New data shows Boise area Sth fastest-growing in the US ? By Don Day March 30,2020 The latest population estimates from the US Census Bureau show significant growth for the Boise area. The new data shows the Boise Metro Area stands as the eight-fastest growing area in the country. But, the Boise area isn't the only fast-growing part of Idaho. https:Hboisedev.com/news/2020/03/30/boise-idaho-growth-rate/ 1/3 8/6/2020 Data:New data shows Boise area 8th fastest-growing in the US As of July 1, 2019, the Census Bureau estimates 749,002 people lived in the Boise Metro Area, which is made up of Ada, Canyon, Owyhee and Gem counties. That's an increase of 2.78% from 2018 — or about 20,291 more people. [2019: New Census report shows Boise area remains one of nation's fastest-growing] If you break down the 20,291 new residents, it works out to about 56 per day, 390 per week or 1,690 per month. -Story continues below ads- Only seven metro areas in the US grew faster. The St. George, Utah area added 3.491% more people to lead the pack. But just ahead of Boise, the Coeur d'Alene metro actually grew ever-so-slightly faster. It grew at a rate of 2.7840% — which compares to Boise's 2.7837%. Call it a tie. Since the last decennial census in 2010, the Boise metro added 132,641 residents — a growth of 21.5%. That puts the Boise metro at number 14 on the growth list over the past decade, with an additional 132,641 people. There's one other measure you can look at — what the Census considers "combined" metro areas. This measure adds Elmore, Payette, and Malheur, OR to the population estimates. When you add these areas, the total population for the area hits 831,235 residents. The growth rate for the slightly wider area stands at 2.579% from 2018 to 2019 — which ranks third among all of the combined metro areas, behind only Myrtle Beach, SC, and Bend, OR. The decennial Census is underway. All residents are required by law to respond. You can learn how, here. Love our stories?Get them delivered straight to your inbox each afternoon. Plus,support BoiseDev's independent journalism. https://boisedev.com/news/2020/03/30/boise-idaho-growth-rate/ 2/3 8/8/2020 Data:New data shows Boise area 8th fastest-growing in the US BOISE S Micron continues large-scale revamp of Boise campus with latest project BUSINESS Report:Boise tech firm Clearwater Analytics considers sale or other options https:Hbolsodev.com/news/2020/03/30/boise-idaho-growth-rate/ 313 8/6/2020 Metro Boise Market Sees New Listings Fall off a Cliff Metro Boise Market Sees New Listings Fall off a Cliff Posted by Lisa Kohl on Wednesday,July 8th, 2020 at I.27pm 1 y i t New listings took a nosedive across the Treasure Valley in June, driving home prices up and setting new sales records in Boise, Ada County, and Canyon County. Despite the continuing pandemic, demand for homes has not lessened - it has grown - as sellers postponing listings, and new construction delays are now compounding an already critical lack of supply in the valley. To get a better idea of just how sudden and dramatic the change was, let's look at the numbers: • In Ada County, available listings plunged from 1,353 in May to 985 in June - a more than 27% drop. When compared with last year's available listings (1,715), we see a hftps://www.weknowboise.com/blog/new-listings-fall-off-a-cliff.htmi 1/9 8/6/2020 Metro Boise Market Sees New Listings Fall off a Cliff 42.6% decline. For context, we haven't seen so few listings on the market in any June since the '90s housing boom. To give you an even better idea of current market conditions, inventory in Ada County also declined to 1 .06 months of supply, down from 1 .48 just in the last month. A year ago, we were looking at a 1.85 month supply. The national average currently is 5.6 months of supply, which illustrates just how scarce Ada County homes have become. As a reminder, a four to six month supply of houses for sale represents a balanced market that favors neither buyers nor sellers. The Treasure Valley's current scarcity of homes, the magnitude of which we've never seen before in either Ada or Canyon County, gives sellers a huge advantage and drives up competition between buyers. A few factors may have caused local listings to plummet: construction delays due to the coronavirus pandemic, the 4th of July holiday weekend (people tend to delay listing around holidays), and home payment forbearance - again, thanks to the pandemic - causing people to put off listing their homes. • Canyon County experienced a 26% slump from May to June, when listings fell from 567 to 418 homes. If we compare to last year's available listings (694), we see a 40% drop. * Canyon County's inventory also declined to .91 months of supply, down from 1.38 in May, and 1 .66 last year. Finally, in Boise we saw a 23% drop - from 457 listed homes in May to a scant 330 in June. Seasonally, we saw an 18% decline from last year's 558 homes. May's inventory of 1.18 months of supply dropped to .85 in June - not the lowest we've seen in the previous year but still very low when compared to 1.37 the year prior. Thirty-year mortgage rates also hit yet another record low - falling from the previous record low of 3.13% in mid June to 3.07% in earlyJuly - adding yet another layer of increased demand for buyers already hungry for homes. The Wall Street Journal notes that this is the fifth time in 2020 that mortgage rates have hit new record lows. All these factors have contributed to the record-breaking sales prices we've seen in the past month. In Ada County, the median sales price hit $375,000, a $23,000 jump compared with last year. In Boise, the median sales price rose to $360,000 - a seasonal increase of$11,250. Canyon County prices soared to $285,000, decimating last june's price point by $37,500. What does the current market mean for buyers? The days of discounted purchase prices are gone. Now more than ever, buyers should be realistic when shopping for a home in the Treasure Valley. Here's what you can realistically expect for the most desirable homes: https://www.weknowboise.com/blog/new-listings-fall-off-a-cliff.htmi 2/9 8/6/2020 Metro Boise Market Sees New Listings Fall off a Cliff For properties priced below $300,000 in most of Ada County, expect bidding wars with winning offers $5,000 to $10,000 above the listing price. For homes listed between $300,000 to $700,000 anticipate competing against multiple offers, with many homes also selling over asking price. Even in the price range of$1 million, properties are selling faster than ever. In the new construction market, roughly 2/3 of properties are sold before they are completed. If you peer through the windows at the kitchen and see that the cabinets have already been installed, it's too late. There is a silver lining for you- Given the healthy number of new construction sales we complete, we are able to locate properties for our clients before they are listed. Buyers who wait to browse the new construction offerings that appear online are often just vying for homes our clients have chosen to pass on. Boise Real Estate Market Summary for June 2020 ■ Median list price - $364,900 (up 4.29%) • Median sold price - $360,000 (up 3.15%) • Price per square foot - $216 (up 10.77%) • Total home sales - 477 (down 46) • Median days on market - 10 days (up 3 day) • Available homes for sale - 0.85 month supply (up 0.52) • 30-year mortgage rates - 3.16% (down 0.64) Boise Metro Housing Markets by Area Median sales price: • Ada County - $375,000 • Eagle - $543,000 • Garden City - $291,000 • Kuna - $325,000 • Meridian - $370,021 • Star - $397,212 • Canyon County - $285,000 ■ Caldwell - $261,500 • Middleton - $292,000 • Nampa - $284,695 Lisa Kohl https:/twww.weknowbolse.com/blog/new-listings-fall-off-a-cliff.htmi 3/9 6/6/2020 Metro Boise Market Sees New Listings Fall off a Cliff I F • Lisa carefully studies the local housing market to give her clients the edge when buying or selling a home in Idaho. We Know Boise is a full-service real estate team that combines our LOCAL expertise with traditional know-how to create exceptional results for each of our clients. Email Lisa More From Our Blog... Real Estate Markets Living in Boise Boise-Area Home Prices Head How Boise's Population Growth Is Higher as New Listings Vanish in Shaping Idaho's Largest City May :r ■ ■� ■ - `� 4. ■ R■r ■ . . ■ . . .� r. Housing Market Market Trends Treasure Valley Home Prices Soar Boise, Idaho Housing Markets Set Despite Pandemic New Records as Price Gains Lead Nation https://www.weknowbolse.com/blog/new-listings-fall-off-a-cliff.htmi 4/9 Fm Accelerating success. TREASURE VALLEY IDAHO Idaho's Capitol, The City of Trees, & The Best Kept Secret in the Northwest 4 Ix fin � •a 1 1 �1 L S A: ! The Grove Pla7a Downtown Boise s 44 TE Ir rp In 4l _ > I r.. u. r C l r •z: r 2019, Boise • • e• the 15th Fastest Growing City in America by Forbes Magazine. With a current population of ea • Treasure Valley is anticipated to reach I million people by the year 2040 according to the United State Census Bureau. l — � .may .I�rrr.er m.�sn�•:.>��_ �, � �, l _r 1 tI:.�1�L y— r.. YY •. _ i�L .. __ .� cc GROWING ECONOMY Boise's booming economy was founded on #1 respected local companies making an impact on the world stage, our friendly community and the Live Cities for Youm Best Place : ToEconom Performing Y love of the beautiful Idaho outdoors. :, , . � AUG Zo,7 Boise, also known as the City of Trees, is the largest city #,� in Idaho. Over 730,000 people live in the Boise Metro and we're welcoming more every day. In fact, we're the second- state for wage Best State fastest growing metro in the nation with a population Growth Capital to Live in growing three times faster than the national average. The MAR ®commER`' 1 CNBC Treasure Valley, which is made up of Boise, Meridian, Eagle, _ Middleton, Star, Kuna, Nampa and Caldwell, is currently in #rJ the top 5 destinations for people moving out of California. With the median home rice in Boise nearly $250,000 less Best City for First Best State p Y � Time Home Buyers .. . than Southern California, Californians are monetizing their �, FEB homes in California and reinvesting in a more affordable ` to Live In z�t9 community in Idaho. � Idaho State Capitol Building is the The median sale for a single-family home II I I only state capitol heated by in Ada County increased 12.5% from geothermal water. 2018 to 2019. In the past 12 months, the labor Boise real estate appreciated 43.83% force in the Boise Metro grew 300% over the last ten years, putting Boise in faster than the national average. the top 10% nationally. Idaho represents a growing diverse economy, anchored by strong local companies in a variety of industries. Boise has a rapidly growing educated talent pool and expertise to fill jobs in several different fields. ""OWN" EMPLOYMENT STEADY JOB GROWTH >> Idaho continues to see strong Unemployment Rates: Idaho vs. United States •• growth as employers increasepayrolls. 4.0% analysis forecasts • 3.5% Idaho'semployment will 3.0% reach000 by • up 2.5% from a 2016 total of about 735 000 . • E • 2.0% approximately 105,000 new fl- is% E jobs created in 10 years, which � to% represents % o.5% increase. 0.0% US Idaho Boise Meridian Nampa Caldwell Idaho vs. United States Employment by Sector �k %+ - ► r �5 ■Construction ■Manufacturing ■Trade,Utilities&Transportation ■Professional&Business Services 4 ti ■Education&Health Services ■Leisure&Hospitality 0 Government 0 Other BOISE: A GROWING INFLUENCE America's best kept secret is the Pacific Northwest. Cities like Seattle and Portland continue to thrive while Boise is right on their heels as the third largest metropolitan area in the region. Some of the strongest economies in the United States can be found tucked away in the Pacific Northwest. rSeatt— ----q - . -as . • : Best `� • Big Cities to L In" - Wallet Hub WASHINGTON OREGONPortland -- . AirportInternational -. Domestic •• • "DestinationsS. Need to See in • : Lonely Planet Pacific Northwest: How We Stack Up EDUCATION 87% 90% 91% 90% 93% 93% ATTAINMENT ........................................................................................................................................................................... UNEMPLOYMENT 3.6% 2.9% 4.6% 4.1% 3.8% 3.3% RATES ........................................................................................................................................................................... MEDIAN $57,652 $50,985 $66,174 $56,119 $60,938 $50,801 HOUSEHOLD INCOME ........................................................................................................................................................................... *Most recent U.S.Census Bureau Statistics,Sept.2019 UNDERSTANDING THE MARKET $18.00 '•• • .•• •••.• LL •• • • LLI ••• • • •• ••• • 6.00 ••• • •• YEAR ft - i4mor Product Definitions OFFICE INDUSTRIAL RETAIL Office Class A Bulk Warehouse Regional Center Most prestigious buildings competing for Industrial building used primarily for 500,000 square foot+multi-tenant mall. premier office users. Buildings will have warehousing and distribution needs. Clear Often enclosed,inward oriented stores with high quality standard finishes,good access height in excess of 24'with minimal office multiple anchors with common walkways. and a definite market presence. Common build out and one or more loading doors area and tenant amenities are becoming per 10,000 square feet. Outlet Mall standards as well. 50,000-400,000 square foot multi-tenant Office Warehouse manufacturer stores. Strip configuration or Office Class B Industrial building that can be used for village cluster. Buildings competing for a wide range of manufacturing or light industrial uses. users with rents in the average for the Clear heights range between 18'-24' and Neighborhood Center area. Finishes will be good and adequate usually has an office build-out of under 30,000-150,000 square foot multi-tenant for the area. Additional building amenities 15%. center. Will be configured as a straight most likely do not exist. line strip with no included walkway. Often Office Showroom anchored by supermarket or drugstore. Office Class C Industrial building usually under 100,000 Buildings competing for tenants requiring square feet that has a clear height under Community Center functional space at rents below the average 18'and an office build-out of 30% or more. 100,000-350,000 square foot center. for the area. Buildings may have some Usually configured in a straight line strip, functional obstacles. L or U shaped. Common tenants include apparel,home improvement,furnishings, Creative/Loft toys,electronics and sporting goods. Old industrial or retail buildings converted for office usage. This can include new Power Center construction. Usually have ceiling heights 40,000-300,000 square feet multi-tenant in excess of ten feet with exposed ducting retail center,and 50%or more of the and piping. tenants are big box retailers. DOING BUSINESS HERE ` r� The thriving Treasure Valley business community has grown simultaneously with 4 1 } t the population increase in the area. Many ;w brokers have noticed an uptick in national attention from companies across the country. From corporate headquarters to flourishing startups, the Boise Metro has proven to be a place where companies can put down roots and prosper. ' • POPULATION GROWTH CONTRIBUTES TO A VIBRANT ECONOMY Business has been growing in Boise for years. Every BASED IN IDAHO year, Downtown Boise has been a host to major conferences and athletic events. In past years, there were never enough hotel rooms in the Downtown , WinCo Business sector to handle all of the visitors. In the last two years the hotel industry in Downtown �-�AlbetfsO FOODS t��s� Boise has grown by 50%. Nearly 600 hotel rooms have already been added to Downtown with more hotel development scheduled. The 600 new rooms have © �'�� paid dividends, when in early 2018 Boise was host to the first and second rounds of the Men's NCAA "March `—Pow ° An Madness" Tournament. Fans from all over the country Saint Alphonsus ,oAcoRAcomcorn came to Boise to watch their school play. Home 2 Suites Simplot Mic r o n ` 1 Clearwater clarity.confidence.control. Hitton Garden Inn gAi J St Luke's I 4 �f I F i UCL EDUCATED WORKFORCE Idaho has eight public higher education institutions ranging from community colleges to traditional universities. r Boise State University is Idaho's largest university with over ✓ � ' -- �'"' ' 25,000 students and 27% of them coming from out of state. The Y� University continues to grow every year; setting graduation records during each of the last five spring commencement •�. �� ceremonies. The most popular undergraduate degrees at Boise State are Health Science, Biology and Communications. Boise State also has the largest nursing program in the state. `may St. Luke's and Saint Alphonsus are the two major hospitals in the Treasure Valley and provide outstanding employment opportunities for graduating nursing students. Along with Boise State, the Treasure Valley is home to Northwest Nazarene University (Nampa), The College of Idaho (Caldwell), University of Idaho (Boise campus) and College of ACADEMICEXCELLENCE >> Western Idaho (Nampa). Boise was The Boise area was without a community college until 2007 named • _ of •st innovative when College of Western Idaho was created. Since its inception, universities in the country by U.S. News CWI's enrollment has grown to over 31,000 students and is the and World --..rt most cost friendly higher education institution in the Treasure Valley. With over 100 2+2 transfer agreements, many young College of •, • is Idaho'sstudents choose to attend their first two years here at a lower collegelargest community over cost before transferring to another in-state university or college. students • -• Concordia School �.■ Law year law •• based Idaho's '1'ItY - - .... ' C Ir COLLEGE❑f ,V.I - capital -MARL! rt c„Ncffelii, i tifVr.xsl'Iv LAW Idaho designated lead institution in health professions CW K�+o > Boise State University was elevated Universityof Idaho Carnegiethe second-highest research category in the Institutions of • • BOISE STATE UNIVERSITY fed oOL'35s'IRI©IIn�'i I�d]�II�niII QG7IICli1I36II5f'S7 INFRASTRUCTURE Roadway Expansion - The Capital City Development Corporation plans to �� spend nearly $11-million dollars to revamp two sections ® of Downtown Boise centered on Grove Street in the ■ ■ next two years. The agency's capital improvement 1. plan, which outlines spending for the next five ears, P p Y - identifies $9.3 million in funding for Grove Street, plus a separate project along 6th Street that will beef up a key Grove Street intersection. l ;'x Amazon is building a 650,000-square-foot warehouse _ �= in North Nampa and may require as many as eight new N. ` roundabouts or traffic signals and six new additional _ intersections by 2030 (due to the 1,000-3,000 new •R jobs anticipated and the increased traffic for their distribution routes). VMOM Housing The Boise City Metropolitan Statistical Area - which EXPANDING I>> includes Ada, Canyon, Gem, Boise and Owyhee counties - will need to add 4,000 new apartment units and 15,050 new single-family houses in order to keep The fast-paced growth up with expected population growth, according to the in the Treasure Valley U.S. Department of Housing and Urban Development. makes it feel like there Boise was ranked 5th in the nation for rising rents, is constructionon according to an Apartmentguide.com report released cornerever in February 2019, with the average two-bedroom street ' apartment in the City of Trees going for $1,344 per roadway. The necessary month. That is a 20.2%jump from the year before, changes _ being when the average two-bedroom rented for $1,072. to accommodate the Boise Airport transformation of '" dly growing metro. With Boise approaching a full century of commercial flight, the Boise Airport is laying out big plans for how it will operate in years and decades to come. The latest version of the Boise Airport Master Plan details ambitious plans for the Airport between now and 2035 - including new garages, a new concourse, new rental car facilities and more. BEST PLACES TO LIVE Boise is routinely highlighted on almost all of Forbes' "Best Lists." Boise was recently QUALITY OF LIFE ranked 2n1 on Forbes' "Best Places to Raise a Boise is a recreationalist's paradise. Family" and 23rd on Best Cities to Live in" Idaho's capital city sits on the boundary of urban and rural, civilized and wild, refined and raw. Whether skiing, floating the Boise River or enjoying one of our high-end golf courses, there is never a shortage of easily accessible outdoor activities. e a _ da M 11 -- -�,.•.. ,a •�3:�:.� s ARTS & ENTERTAINMENT • The Idaho Shakespeare Festival has been around since 1977 and has been providing summer entertainment ever since. Starting with YOUNG PROFESSIONALS just one play in 1977, A Midsummer Night's Boise has a strong job market and a high Dream to expanding to 5 different plays a year, percentage of adults who are college The Idaho Shakespeare Festival continues to thrive. The Grove downtown is constantly educated. Which is why Forbes ranked it thriving with events such as Alive after Five and Young on their list of Best Cities for ung Professionals. First Thursday. Yo SPORTS Boise has a variety of sporting events. The most popular is Boise State Football, played on the famous Blue "Smurf" Turf. Boise is also home to The Boise Hawks - a Minor League no COST OF LIVING Baseball affiliate of the Colorado Rockies and Idaho Steelhead hockey team - an affiliate of 141W The cost of living has risen in the last the Dallas Stars. With a proposed new stadium few years due to a strong economy and in the early development stages and a new an extreme growth rate. However, it Division One baseball team coming to BSU in is more affordable compared to large 2020, the choices will only continue to grow. neighboring cities such as Seattle, Portland, Denver and Salt Lake City. v{ I dj #r y THE GREENBELT A jogging/biking path that stretches 25 miles throughout Boise is one of the most scenic public pathways in the Western SAFETY United States. With views of the Boise 0 River, a variety of wildlife and Boise State Crime rates are extremely low in the Boise Campus, this trail is visited by thousands area. Most Boiseans are able to move about of locals every single day. According to their lives without the fear of a crime being the Boise Parks and Recreation, over a committed against them. According to million people use the Green Belt every MSN, Boise was recently ranked the 8th year. safest city in the WORLD! DEVELOPMENTS f Office _ - Ten Mile Crossing is the latest office development. It is under construction _ in Meridian, a neighboring city to of Boise. Four office buildings will be completed within the next two years,totaling 371,000 square feet of office space. ' Rafanelli & Nahas started construction in 2019 on a 10-story, i 191,000-square-foot office tower on the surface parking lot it owns on the northwest corner of 1111 and Idaho Streets in Downtown Boise. The building, which has the working name of 1111 and Idaho, would be sited next to a planned park with more than 25,000 square feet on the Bannock 1 Street side of the block. l Industrial - Autovol Manufacturing is a new company coming in with $100 million investment and bringing 349 jobs. They're in more of the construction building industry and have a 400,000 SF facility currently under construction in Nampa. Amazon is building a very large distribution center which will provide between 1,200 and 3,000 jobs in Nampa. A METRO IN GROWTH Retail MODE The Village has plans to break ground on a 300,000-square-foot expansion on the west side of the complex near Eagle Road in Meridian. The Development • • growth expansion will include retail and office. The Village staff are also considering adding a residential component, and The Village Cinema is expected to continue in the mulling over opening a boutique movie theater in the expansion. Brighton office sector, retailCorporation is estimating the expansion to be complete mid-to-late 2020. middle of a metamorphosis Albertsons announced their plans to build a 55,000 square foot store on due to changing shopping the corner of Eagle and Amity in Meridian. Linder Village is a new mixed-use lifestyle community in Meridian. habits, • demand Development will be anchored by WinCo Foods and will feature dining, for • properties shopping, events and attractions, and will include a new public library. continues tosurpassll Multi-family other property types, and _ apartmentsegmenThe Lakes at Eagle is a resort-style apartment community currently under exciting market construction. This is the first phase of a 75-acre mixed-use development in young • Eagle. It will consist of 250 units and a 4,000 square foot clubhouse with a that is expected • continue fitness center, pool and spa. Amenities such as bocce courts and green • • belt connectivity are planned, along with on-site recreational lake access. INDUSTRIAL Amazon RETAIL Linder Village Courtesy of City of Nampa OFFICE 11th & Idaho MIXED-USE Barber Valley •�~ /N11 1111� t 4 0000011 1 �� � �1 111 �� ��� 11 l 111;'fill,II 0011111 IIII IIII Jill lop I _ �11�1�IIrI�IaI IIiii I ' ' 1I OPjjppp INION IIII + Jil INI U - ''�IIh1 i NMi gar p I IIII hill ._.:- a A. ■.. W14 WII :�' i ��"'�t-..._ I�A�� �r'�h fir. i ■� � ,�'� � y Courtesy of Perkins+Will­ f - OFFICE Ten Mile Crossing RETAIL The Village at Meridian .01 Y .ram�.�� •r_ �', a — I.. A BRIGHT FUTURE Expect the Treasure Valley's extreme growth rate to continue in the future. With 200,000 new residents expected in the next 5-7 years, look for new housing developments and infrastructure to arrive first. BoiseAirport DEVELOPMENT OPPORTUNITIES The "Curtis Junction" which echoes the train corridor and is currently home to dozens of large fuel storage tanks, has plans to transform into a mixed-use destination near Downtown Boise. This will create a high-density, mixed-use commercial hub with a vision to include a mix of housing, shops and restaurants to compliment the existing neighborhoods. CONFERENCES TOURISM With a recently expanded convention center and new Tourism grants have gone up more than 11% this hotel offerings for groups, organizations of all types year. Tourism in Idaho isn't on the same level as are discovering Downtown Boise as a meeting spot. Washington ($21.4 Billion) and Oregon ($8 Billion), Boise Centre grew from 50,000 to 86,000 square feet but it brings in $4 billion a year and is Idaho's third and 31 meeting rooms. largest industry and steadily growing as so many discover the state. The Galaxy Event Center opened in 2018 at Wahooz in Meridian. It provides a new stunning space to CONNECTIVITY celebrate special occasions, support worthy causes, The Boise Airport has grown and undergone extreme and engage in business and education. There is renovations over the last 10 years. Look for the airport seating for up to 600 people and features 12,500 growth to continue with the amount of people moving square feet that can be divided into 9 meeting rooms and coming through Boise increasing on a daily basis. with state-of-the-art audio visual. Events & Conferences rPP__ -_ T R E E FO R 7, BOISE FLY FISHERS STARTUPWEEK INTERNATIONAL GAMES P N�IA= � _ A". kvtin AL:VEAFTFRFVE COWNTOWNeoise uvwHTr�wnsoisN Downtown ate _ -,:. .. �: C. ,- _ • ...- iti - Y, ,j �� rµ-•,.' r (,rye, _ f J :. - - 7 r With a population of 223,499 people, Canyon County is home to Nampa and Caldwell, both known for successful food processing, agribusiness and manufacturing companies, but have also attracted a large mix of retail and restaurants. •••••• ••• ••• •YY••••••••••••Y•••• •• of ••••••••••••••• ::::::• •• •••• •••••• • • ••••••• ••••• ••••••••• •••• ••• ••• •••• ••• ••••••••Y••••••••• •••• •• ••0 - -•- -• - •••• ••••Y•Y•••• • •• • ••• ... Global Reach . •' .� .........� •Y•Y• •• ................. .... .... ••• r --- - . - , ••• ••••••••••••••- .- 00000•0004 •• •I • •. • , ••• ••• •00004 �•••••••• ••••• 0 a 0 •••_• 1 a--- ••••• f Comprised of Revenue Managing 0••• • 4tst&isheArif Lease/sale transactions Transaction value Y Y Y•Y Y ::• ; 17,000+ $3.3B 2B ::::•::: .: 69,000 $127B •: :: • • professionals • (US$) (square t� • c��lr� Y (US$) j• ••••••• •• • ••••Y•••• •••••Y•Y••••Y•••••Y••••••• ••••••• • INVESTMENT BROKERAGE SERVICES CANYON COUNTY BROKERAGE SERVICES , MAF;&T CONTACT: Clay Anderson, MBA':PA -; Lincoln Hagood ;;;;- ; Jim Shipman, JD, MBA •-- Lew Goldman •_ -`-'•••••• Bryant Jones _'_ '.' ' Managing Owner I araet Leader ' ' • •••• ••Y• •• Y g g YM •• 004 George Iliff '•;;;• Mike Pena +1 208 472 2862 • •0.0 Lew Manglos, MBA, CCIM, SIOR , • jim.shipmanldcolliers.com o�� • Chap Todd wwwww : 0� POCATELLO BROKERAGE SERVICES •••••:•:::::•, ..--•••• Don Zebe •• ••••. ••••••� OFFICE BROKERAGE SERVICES Jared Zebe • • r ••• ••••••••. -- •••• • 0Y04 Scott Feighner Mike Zebe • 000904 Oliver Maron Scott Raeber, MBA, CCIM IDAHO FALLS BROKERAGE SERVICES ' Steve Winger Scarlet Poulsen Kyle Uhlenkott TWIN FALLS BROKERAGE SERVICES RETAIL BROKERAGE SERVICES Robyn Andersen David Cadwell Steve Di Lucca, SIOR Mike Christensen Tami Walker Mallisa Jackson PROPERTY MANAGEMENT SERVICES Kelly Schnebly Nicole Di Antonio INDUSTRIAL BROKERAGE SERVICES VALUATION SERVICES Steve Foster Andrew Boespflug Michael McNeight Colliers Devin Ogden, MBA, CCIM, SIOR Jake Tucker INTERNATIONAL LAND BROKERAGE SERVICES Jimmy Roumanis John Starr Colliers International 755 W. Front Street, Suite 300 Boise, Idaho 83702 +1 208 345 9000 www.colliersboise.com Copyright©2019 Colliers International.The information contained herein has been obtained from sources deemed reliable.While every reasonable effort has been made to ensure its accuracy,we cannot guarantee it.No responsibility is assumed for any inaccuracies.Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.